Nicole Stokes: I think that we should definitely see NII stabilizing and potentially increasing. But again, so much of that is based on that — on the deposit side. And I would say 80% of my guidance is unhesitant because of the shift of noninterest-bearing to interest bearing. That’s really the wildcard in all this. If we could maintain the mix that we have and grow deposits at that mix, then even margin could not take a dig of a trough. So I think we’re on NII as a trough and potential growth. But again, it’s really that deposit cost side is where we’re more focused. We’re seeing the pickup on the asset side as expected. I think what wasn’t expected was all of the deposit pressure and the media pressure on the deposit side. And I don’t think that’s any different than any other — what you’re hearing from your other banks, probably.
Palmer Proctor: But the good news there is to, Casey, what we’re seeing, at least in most of our markets, which are heavy growth markets, as you know, is that the rate wars in terms of a lot of the specials that were offered out there, those are all maturing or expiring in terms of the sign-up dates for those for some of the more aggressive banks out there. So that funding pressure, at least in most of our urban markets is subsided. And so with that most people that have moved money have already moved it. So I think that we’re hopefully getting towards the end of that era, which should benefit all of us in terms of a more relaxed deposit environment in terms of pricing.
Casey Whitman: Yes. Okay. Good to hear. And then Palmer, can you walk us through just how you’re thinking about and weighing uses of capital here now with the stock rebound?
Palmer Proctor: Yes. I think you all saw, we did have a buybacks this quarter, which is hard not to do when we’re trading below tangible book value at the time and it’s accretive to tangible book obviously non-dilutive. So we did have a small buyback. But for us, it’s the capital preservation, we’re very comfortable where the dividend is. We do have the buybacks in place, that arrows in our quiver, but I don’t anticipate any activity there this quarter. So right now, it’s more about the capital preservation as we go forward.
Nicole Stokes: Ellie, our operator, are we ready for the next question?
Operator: Your next question comes from Brandon King with Truist Securities. Your line is open.
Brandon King: So I wanted to get more insight into your funding strategy going forward. What is kind of the expectation for broker deposits from here? Are you looking to kind of grow broker deposits? Or do you think you can achieve more of your growth through — more of those core deposits?
Nicole Stokes: The goal and the intent is absolutely to grow core deposits. And you’ve talked about kind of the mortgage warehouse lines, and how those grew and about 40% of our loan growth was that to kind of think about that being funded by some of the broker, but really, the core we’ve said that, within our company that we are going to let deposit growth kind of be the governor on loan growth. And we are aiming for core deposit growth, not necessarily brokered. Having said that we’re still only at about 8% brokers. So there’s room if we needed it from a liquidity standpoint, but the intent is to grow core deposits.
Brandon King: Got you. So I’m just assuming mortgage warehouse is stronger again in the third quarter, we could see an uptick in brokerage, right?
Nicole Stokes: We would look at brokered or FHLB. And then remember, on our balance sheet, typically, near the end of the third quarter and fourth quarter, we end up having a lot of cyclical municipal money come in. So that would kind of start to slow in the remainder of this year as well, kind of in the third quarter and fourth quarter. So that’s another funding source for us.
